DAX Drifts Lower Ahead Of Key Inflation Data

RTTNews | 12h 22min ago
DAX Drifts Lower Ahead Of Key Inflation Data

(RTTNews) - German stocks fell sharply on Tuesday while the euro pulled back from recent highs ahead of Eurozone inflation data due later in the day.

Germany's 30-year yield climbed to a 14-year high, tracking a rise in U.S. Treasury yields ahead of key U.S. manufacturing and services activity data as well as the all-important nonfarm payrolls report, due this week.

The benchmark DAX fell 1.1 percent to 23,779 after climbing 0.6 percent on Monday.

DEUTZ shares surged nearly 6 percent. The engine manufacturer has agreed to acquire the Sobek Group, a specialist in drone propulsion systems.

Chemical company BASF was moving lower after it has extended a long-term supply contract for cathode active materials produced at its Schwarzheide facility.

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Swiss Shares Extend Losing Streak

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The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.
RTTNews | 4h 27min ago
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.
RTTNews | 4h 32min ago
European Markets Finish In The Red On Tuesday

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The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews | 4h 39min ago
U.S. Construction Spending Unexpectedly Edges Lower In July

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A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.
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Domino's Launches Two New Delectable Bread Bites Flavors

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RTTNews | 6h 52min ago
CAC 40 Slips Amidst Fiscal Concerns

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A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.
RTTNews | 8h 49min ago